In a letter issued by two US senators, Sherrod Brown and Brian Schatz to the CEOs of payments firms VISA, Mastercard and Stripe, senators share their concern about the Facebook-initiated Libra project. US senators, Sherrod Brown and Senator Brian Schatz said in the letter, “Public reporting suggests that potential Libra...
PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook’s Libra project, policymakers around the world have backlash the project claiming that it could risk destabilizing the monetary system. Addressing the rumors, a PayPal spokesperson said...
PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook -initiated cryptocurrency project, Libra in June 2019, policymakers and governments around the world have backlash the project claiming that it could risk destabilizing the monetary system....
Since the announcement of Facebook’s plans to launch a cryptocurrency project, Libra, it came under fire from policymakers around the world. Governments/regulators around the world are concerned that the new money system could endanger their monetary sovereignty and users’ data privacy. The events that followed after the announcement made one...
As Facebook gets ready to launch its cryptocurrency in 2020, the group is putting the pieces together. As per the TechCrunch report, Facebook has acquired Servicefriend, a startup which builds chatbots to automate conversational interfaces over WhatsApp and Messenger. According to the co-founder and a few other employees Linkedin profiles,...
Representatives of Libra association will meet 26 Central Bank officials which include U.S. Federal Reserve and Bank of England. As per the Financial Times report, Benoit Coeure, a member of the European Central Bank’s Executive Board will chair the meeting in Basel, Switzerland. Libra association members were invited to answer...
Libra Association recently submitted the request to FINMA asking to clarify the regulatory status of the Libra Association and Facebook’s cryptocurrency Libra Coin. FINMA today confirmed the receipt of an inquiry from the Libra association and in a press release has provided their indicative classification for the project. FINMA says...
